Tune Protect Group Berhad Third Quarter 2024 Earnings: EPS: RM0.008 (vs RM0.005 in 3Q 2023)

Tune Protect Group Berhad (KLSE:TUNEPRO) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM91.1m (up 2.4% from 3Q 2023).
• Net income: RM5.86m (up 56% from 3Q 2023).
• Profit margin: 6.4% (up from 4.2% in 3Q 2023).
• EPS: RM0.008 (up from RM0.005 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tune Protect Group Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Insurance industry in Malaysia.

Performance of the Malaysian Insurance industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Tune Protect Group Berhad, and understanding it should be part of your investment process.

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